Ohio check cashing firm Check$mart is offering high-cost credit on its prepaid cards.

The Insight Card calls the product the ”convenience transfer”  but it is simply a way to borrow money. The fee is based on the size of the withdrawal. Consumers pay $3.50 for every $25 increment. This is actually higher than the rate that (more…)

The Federal Reserve gave its approval to Green Dot’s acquisition of Bonneville Bancorp on Friday.

Green Dot will pay $15.7 million for Bonneville. The new entity will be renamed Green Dot Bank.

This is a significant event for Green Dot because it will allow them to capture more of the income (more…)

It turns that if a mortgage lender treats a small-town attorney with disdain and indifference then it is fairly likely that they will show the same disregard for good business sense.

I was in for a surprise when I called my long-time real estate attorney about my upcoming (more…)

Mango is my new favorite prepaid card.

One of the points that most people fail to understand about prepaid debit cards is that they are not merely about cost. Sure, a low-cost card is very important. However, these cards need to be more (more…)

Card accounts with with direct deposit remain open much longer than those where it is not set up on the account. The Federal Reserve says that a card opened at a retail store with direct deposit is used for 385 days, on average. When the card is never enabled with direct (more…)